ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) Given Consensus Rating of “Reduce” by Analysts

Shares of ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) have earned a consensus rating of “Reduce” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.54.

ZIM has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a “hold” rating and set a $18.00 price target on shares of ZIM Integrated Shipping Services in a research note on Wednesday, March 12th. JPMorgan Chase & Co. dropped their target price on ZIM Integrated Shipping Services from $10.00 to $9.50 and set an “underweight” rating for the company in a research report on Friday, March 7th. Finally, Barclays reduced their price target on ZIM Integrated Shipping Services from $16.00 to $13.50 and set an “underweight” rating on the stock in a report on Monday, March 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of ZIM Integrated Shipping Services by 4.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 860,456 shares of the company’s stock worth $22,079,000 after buying an additional 36,692 shares during the period. Qsemble Capital Management LP bought a new position in ZIM Integrated Shipping Services during the 3rd quarter worth about $548,000. Blueshift Asset Management LLC purchased a new position in ZIM Integrated Shipping Services during the 3rd quarter valued at about $620,000. Verition Fund Management LLC raised its holdings in shares of ZIM Integrated Shipping Services by 2,171.6% in the 3rd quarter. Verition Fund Management LLC now owns 208,057 shares of the company’s stock valued at $5,339,000 after purchasing an additional 198,898 shares in the last quarter. Finally, PDT Partners LLC lifted its position in shares of ZIM Integrated Shipping Services by 48.7% in the 3rd quarter. PDT Partners LLC now owns 255,292 shares of the company’s stock worth $6,551,000 after purchasing an additional 83,625 shares during the period. Institutional investors own 21.42% of the company’s stock.

ZIM Integrated Shipping Services Trading Down 0.4 %

Shares of ZIM stock opened at $15.41 on Friday. The company has a market cap of $1.85 billion, a PE ratio of 1.29, a price-to-earnings-growth ratio of 0.27 and a beta of 1.70. ZIM Integrated Shipping Services has a 1 year low of $9.75 and a 1 year high of $30.15. The stock’s 50 day simple moving average is $18.69 and its two-hundred day simple moving average is $20.52. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 1.26.

ZIM Integrated Shipping Services (NYSE:ZIM) last issued its quarterly earnings results on Wednesday, March 12th. The company reported $4.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.47 by $1.19. ZIM Integrated Shipping Services had a return on equity of 48.63% and a net margin of 19.26%. The company had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.99 billion. Research analysts predict that ZIM Integrated Shipping Services will post 16.75 earnings per share for the current year.

ZIM Integrated Shipping Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Monday, March 24th will be paid a dividend of $3.17 per share. This represents a $12.68 annualized dividend and a dividend yield of 82.31%. The ex-dividend date of this dividend is Monday, March 24th. This is an increase from ZIM Integrated Shipping Services’s previous quarterly dividend of $2.81. ZIM Integrated Shipping Services’s payout ratio is currently 6.51%.

About ZIM Integrated Shipping Services

ZIM Integrated Shipping Services Ltd., together with its subsidiaries, provides container shipping and related services in Israel and internationally. It provides door-to-door and port-to-port transportation services for various types of customers, including end-users, consolidators, and freight forwarders.